In the fast-growing world of digital lending, where speed and scale often take center stage, Happycash is setting itself apart by focusing on something more fundamental: consumer protection and responsible lending.

Yinshan Lending Inc. operating under the name of Happycash is a licensed lending company regulated by the Philippine Securities and Exchange Commission (with SEC Registration No. CS2019100108 and Certificate of Authority No. 2860), Happycash anchors its innovation on strong ethical principles and compliance. For Happycash, responsible lending isn’t just about avoiding problems- it’s about building long-term trust with users.&nbsp;

TRANSPARENCY AS A PROMISE, NOT A FEATURE

One of the biggest challenges in digital lending today is the lack of transparency. Hidden fees, unclear terms, and misleading marketing have eroded public trust in the&nbsp;industry. In response, Happycash maintain its commitment to transparency in accordance with the Truth in Lending Act (Republic Act No. 3765) by ensuring full disclosure of all fees, interest rates, and loan conditions before users’ commitment and disbursement. 

As a testament to the commitment of Happycash, its customer can easily preview repayment schedules, understand total cost upfront, and engage with the dedicated customer service department trained to uphold financial literacy and borrower rights. According to Winchel, Happycash’s Compliance Officer, “We make sure our users fully understand the loan they’re taking-no fine print tricks, no hidden charges.”

COMPLIANCE AND CONSUMER RIGHTS AT THE CORE

At its core, Happycash rigorously adheres to key consumer protection laws, including:

• The&nbsp;Truth&nbsp;in&nbsp;Lending&nbsp;Act&nbsp;(RA&nbsp;3765) 

• The&nbsp;Data&nbsp;Privacy&nbsp;Act&nbsp;(RA&nbsp;10173) 

• The&nbsp;Financial&nbsp;Products&nbsp;and&nbsp;Services&nbsp;Consumer&nbsp;Protection&nbsp;Act&nbsp;(RA&nbsp;11765) 

• SEC Memorandum Circular No. 18, Series of 2019

• BSP Circular No. 1133, series of 2021

The laws and regulations guide comprehensive internal policies that protect borrowers through fair collection practices and robust data handling. These ensures that borrowers are treated with respect and fairness. 

ETHICAL COLLECTIIONS AND EMPATHETIC SERVICE

In response to the growing concerns over unfair debt collection practices within the industry, Happycash is firmly committed to upholding fair and ethical collections. 

Happycash&nbsp;takes&nbsp;special&nbsp;care&nbsp;in&nbsp;training&nbsp;its&nbsp;collections&nbsp;team&nbsp;to&nbsp;engage&nbsp;with&nbsp;users&nbsp;respectfully&nbsp;and&nbsp;professionally.&nbsp;No&nbsp;intimidation.&nbsp;No&nbsp;public&nbsp;shaming.&nbsp;All&nbsp;communications&nbsp;are&nbsp;conducted&nbsp;in&nbsp;line&nbsp;with&nbsp;SEC&nbsp;regulations&nbsp;and&nbsp;industry&nbsp;best&nbsp;practices, ensuring borrowers are treated with dignity and fairness. 

Taking a firm stand, Happycash explicitly does not tolerate any harassment or abusive behavior in debt collection. To support this commitment, borrowers have multiple channels-such as in-app chat, email, and hotline- to reprt any incidents of harassment, seek clarification, or resolve disputes promptly. Every complaint is meticulously logged and internally reviewed to maintain accountability and continuous improvement. 

By prioritizing respectful and transparent interactions, Happycash aims to restore trust and promote responsible lending. 

In the fast-growing world of digital lending, where speed and scale often take center stage, Happycash is setting itself apart by focusing on something more fundamental: consumer protection and responsible lending.Yinshan Lending Inc. operating under the name of Happycash is a licensed lending company regulated by the Philippine Securities and Exchange Commission (with SEC Registration No. CS2019100108 and Certificate of Authority No. 2860), Happycash anchors its innovation on strong ethical principles and compliance. For Happycash, responsible lending isn’t just about avoiding problems- it’s about building long-term trust with users.&nbsp;TRANSPARENCY AS A PROMISE, NOT A FEATUREOne of the biggest challenges in digital lending today is the lack of transparency. Hidden fees, unclear terms, and misleading marketing have eroded public trust in the&nbsp;industry. In response, Happycash maintain its commitment to transparency in accordance with the Truth in Lending Act (Republic Act No. 3765) by ensuring full disclosure of all fees, interest rates, and loan conditions before users’ commitment and disbursement. As a testament to the commitment of Happycash, its customer can easily preview repayment schedules, understand total cost upfront, and engage with the dedicated customer service department trained to uphold financial literacy and borrower rights. According to Winchel, Happycash’s Compliance Officer, “We make sure our users fully understand the loan they’re taking-no fine print tricks, no hidden charges.”COMPLIANCE AND CONSUMER RIGHTS AT THE COREAt its core, Happycash rigorously adheres to key consumer protection laws, including:• The&nbsp;Truth&nbsp;in&nbsp;Lending&nbsp;Act&nbsp;(RA&nbsp;3765) • The&nbsp;Data&nbsp;Privacy&nbsp;Act&nbsp;(RA&nbsp;10173) • The&nbsp;Financial&nbsp;Products&nbsp;and&nbsp;Services&nbsp;Consumer&nbsp;Protection&nbsp;Act&nbsp;(RA&nbsp;11765) • SEC Memorandum Circular No. 18, Series of 2019• BSP Circular No. 1133, series of 2021The laws and regulations guide comprehensive internal policies that protect borrowers through fair collection practices and robust data handling. These ensures that borrowers are treated with respect and fairness. ETHICAL COLLECTIIONS AND EMPATHETIC SERVICEIn response to the growing concerns over unfair debt collection practices within the industry, Happycash is firmly committed to upholding fair and ethical collections. Happycash&nbsp;takes&nbsp;special&nbsp;care&nbsp;in&nbsp;training&nbsp;its&nbsp;collections&nbsp;team&nbsp;to&nbsp;engage&nbsp;with&nbsp;users&nbsp;respectfully&nbsp;and&nbsp;professionally.&nbsp;No&nbsp;intimidation.&nbsp;No&nbsp;public&nbsp;shaming.&nbsp;All&nbsp;communications&nbsp;are&nbsp;conducted&nbsp;in&nbsp;line&nbsp;with&nbsp;SEC&nbsp;regulations&nbsp;and&nbsp;industry&nbsp;best&nbsp;practices, ensuring borrowers are treated with dignity and fairness. Taking a firm stand, Happycash explicitly does not tolerate any harassment or abusive behavior in debt collection. To support this commitment, borrowers have multiple channels-such as in-app chat, email, and hotline- to reprt any incidents of harassment, seek clarification, or resolve disputes promptly. Every complaint is meticulously logged and internally reviewed to maintain accountability and continuous improvement. By prioritizing respectful and transparent interactions, Happycash aims to restore trust and promote responsible lending.

Credit card / Loan

Why Responsible Lending Matters: Happycash’s Commitment to Consumer Rights in Digital Finance

In today’s digital lending space, building a reliable and
inclusive financial system takes more than a strong product—it requires a
strong ecosystem. Happycash, one of the leading licensed digital lenders
in the Philippines, is doing just that through a series of thoughtful and
high-impact strategic partnerships.

From data intelligence to credit scoring, and from payments
to risk compliance, Happycash has aligned itself with some of the most trusted
players in fintech. These collaborations are not just technical
integrations—they are cornerstones of Happycash’s mission to serve underserved
Filipino borrowers in a safe, scalable, and efficient manner.

Alternative Data for Inclusive Credit Scoring

Traditional credit bureaus often leave out millions of
Filipinos who have never taken a formal loan. Happycash addresses this gap
through its partnership with FinScore, a pioneer in telco data-based
credit scoring in Southeast Asia, enables Happycash to assess
creditworthiness—even for borrowers with no previous credit record.

Risk Intelligence and Market Data Integration

Another key strategic ally is CRIF Philippines, a
globally recognized provider of credit data and risk analytics. Happycash
leverages CRIF’s deep market insights to fine-tune its risk models, perform
portfolio stress testing, and apply advanced segmentation techniques that align
credit offers with borrower repayment ability.

These tools enable Happycash to lend with confidence while
keeping default rates low and customer satisfaction high.

Frictionless Disbursement and Payment Solutions

Ensuring users receive their funds quickly—and can repay
conveniently—is essential in digital finance. Happycash partners with local
e-wallets, payment aggregators, and direct debit providers to provide
instant disbursement and one-click repayment options.

The result is a faster, more secure, and more user-friendly
lending experience, especially for users in remote or rural areas who may not
have access to traditional banking services.

A Network Built for Scale and Inclusion

With these partnerships, Happycash has been able to rapidly
scale operations while maintaining a deep focus on ethical lending and
operational excellence. More than just transactional alliances, these
relationships reflect a shared vision: to bring smart, safe, and sustainable
credit access to millions of Filipinos.

“We don’t believe in growing alone,” said Dannish, Head of
Strategy. “We grow by building a better ecosystem—one that listens to the
borrower, respects the law, and shares value across every partner involved.”

In today’s digital lending space, building a reliable and
inclusive financial system takes more than a strong product—it requires a
strong ecosystem. Happycash, one of the leading licensed digital lenders
in the Philippines, is doing just that through a series of thoughtful and
high-impact strategic partnerships.From data intelligence to credit scoring, and from payments
to risk compliance, Happycash has aligned itself with some of the most trusted
players in fintech. These collaborations are not just technical
integrations—they are cornerstones of Happycash’s mission to serve underserved
Filipino borrowers in a safe, scalable, and efficient manner.Alternative Data for Inclusive Credit ScoringTraditional credit bureaus often leave out millions of
Filipinos who have never taken a formal loan. Happycash addresses this gap
through its partnership with FinScore, a pioneer in telco data-based
credit scoring in Southeast Asia, enables Happycash to assess
creditworthiness—even for borrowers with no previous credit record.Risk Intelligence and Market Data IntegrationAnother key strategic ally is CRIF Philippines, a
globally recognized provider of credit data and risk analytics. Happycash
leverages CRIF’s deep market insights to fine-tune its risk models, perform
portfolio stress testing, and apply advanced segmentation techniques that align
credit offers with borrower repayment ability.These tools enable Happycash to lend with confidence while
keeping default rates low and customer satisfaction high.Frictionless Disbursement and Payment SolutionsEnsuring users receive their funds quickly—and can repay
conveniently—is essential in digital finance. Happycash partners with local
e-wallets, payment aggregators, and direct debit providers to provide
instant disbursement and one-click repayment options.The result is a faster, more secure, and more user-friendly
lending experience, especially for users in remote or rural areas who may not
have access to traditional banking services.A Network Built for Scale and InclusionWith these partnerships, Happycash has been able to rapidly
scale operations while maintaining a deep focus on ethical lending and
operational excellence. More than just transactional alliances, these
relationships reflect a shared vision: to bring smart, safe, and sustainable
credit access to millions of Filipinos.“We don’t believe in growing alone,” said Dannish, Head of
Strategy. “We grow by building a better ecosystem—one that listens to the
borrower, respects the law, and shares value across every partner involved.”

Internet service

Banks / Credit unions

Powering Inclusive Finance: How Happycash Builds a Strong Fintech Ecosystem through Strategic Partnerships

In
an era where digital lending is rapidly expanding in the Philippines, HappyCash
stands out as a platform committed not only to growth, but to responsible
lending practices, AI Credit decisioning, and the protection of consumers’
financial well-being.

Founded
with a mission to make access to credit simple, safe, and fair, HappyCash has
served over millions of users nationwide—many of whom are first-time
borrowers from underserved communities. By focusing on affordability and
transparency, the platform ensures that every loan product aligns with the
borrower’s actual capacity to repay.

HappyCash
utilizes a multi-layered credit assessment model that evaluates user behavior,
income signals, device security, and more to assign customized credit limits.
Instead of offering large loan amounts indiscriminately, the platform starts
with responsible limits and gradually increases based on repayment behavior.

This
credit model allows HappyCash to maintain a healthy balance between risk
control and inclusion, enabling safe lending even to first-time borrowers with
limited financial histories.

Aligned with
Consumer Protection Principles

As a
licensed lending entity regulated by the Philippine Securities and Exchange
Commission (SSEC), HappyCash strictly adheres with the Financial Products and
Services Consumer Protection Act and the Truth in Lending Act. Its core
consumer protection measures include:

-
Clear disclosures on fees and interest rates

- No
hidden charges or pre-payment penalties

-
Friendly reminders for due dates, with grace periods

-
Accessible customer support through multiple channels

-
Strong user data protection and secure cloud infrastructure

HappyCash
also invests in borrower education, using its mobile platform to share simple
financial literacy content. The goal is to help users borrow confidently, repay
responsibly, and improve their long-term financial capability.

As
it grows, HappyCash continues to partner with industry-leading technology,
eKYC, and payment providers to ensure that its services remain secure,
scalable, and customer-friendly. With upcoming product enhancements focused on
more personalized credit and real-time fraud detection, the platform is
committed to being a leader in ethical and sustainable lending.

In
an era where digital lending is rapidly expanding in the Philippines, HappyCash
stands out as a platform committed not only to growth, but to responsible
lending practices, AI Credit decisioning, and the protection of consumers’
financial well-being.Founded
with a mission to make access to credit simple, safe, and fair, HappyCash has
served over millions of users nationwide—many of whom are first-time
borrowers from underserved communities. By focusing on affordability and
transparency, the platform ensures that every loan product aligns with the
borrower’s actual capacity to repay.<h2>AI Credit, Backed
by Data</h2>HappyCash
utilizes a multi-layered credit assessment model that evaluates user behavior,
income signals, device security, and more to assign customized credit limits.
Instead of offering large loan amounts indiscriminately, the platform starts
with responsible limits and gradually increases based on repayment behavior.This
credit model allows HappyCash to maintain a healthy balance between risk
control and inclusion, enabling safe lending even to first-time borrowers with
limited financial histories.<h2>Aligned with
Consumer Protection Principles</h2>As a
licensed lending entity regulated by the Philippine Securities and Exchange
Commission (SSEC), HappyCash strictly adheres with the Financial Products and
Services Consumer Protection Act and the Truth in Lending Act. Its core
consumer protection measures include:-
Clear disclosures on fees and interest rates- No
hidden charges or pre-payment penalties-
Friendly reminders for due dates, with grace periods-
Accessible customer support through multiple channels-
Strong user data protection and secure cloud infrastructure<h2>Educating Borrowers</h2>HappyCash
also invests in borrower education, using its mobile platform to share simple
financial literacy content. The goal is to help users borrow confidently, repay
responsibly, and improve their long-term financial capability.<h2>Looking Ahead</h2>As
it grows, HappyCash continues to partner with industry-leading technology,
eKYC, and payment providers to ensure that its services remain secure,
scalable, and customer-friendly. With upcoming product enhancements focused on
more personalized credit and real-time fraud detection, the platform is
committed to being a leader in ethical and sustainable lending.

Mobile app

Financial results announcement

Building Responsible Lending: How HappyCash Leads with AI Credit & Consumer Protection

This partnership combines Taxumo’s seamless digital platform with Security Bank’s trusted financial expertise, giving business owners direct access to customized loan options—all within a few clicks. Whether you’re expanding your operations, purchasing equipment, or stabilizing cash flow, the loan solutions available through this collaboration are built to help you take your business to the next level.

“We’re thrilled to bring this partnership to life,” said by CEO Ginger Arboleda of Taxumo, “Our mission has always been to simplify compliance and empower entrepreneurs. With Security Bank on board, we’re now adding accessible financial support into that equation—giving our users even more tools to grow confidently.”

Security Bank’s unique loan products include:

-&nbsp;Business Express Loan: &nbsp;a fast, unsecured option ideal for short-term needs such as equipment purchases, office space expansion, or daily operations.

- Business Mortgage Loan: a secured solution built for long-term growth investments.

- Business Working Capital Loan: a flexible line for everyday business demands.

Taxumo subscribers enjoy exclusive benefits such as preferential interest rates and a simplified application process via the Taxumo Loans Marketplace. From checking eligibility to booking a consultation with Security Bank, the process is designed to be easy, fast, and transparent.

This partnership isn’t just a feature—it’s a value-added service built for your success. We’ve teamed up with Security Bank to bring real solutions to real business challenges.

Take advantage of the streamlined loan application process to grow your business with ease and confidence. With tools you already trust—like Taxumo—getting funding is now more accessible than ever. To learn more about the Security Bank loan offers available to Taxumo subscribers, follow Taxumo on <a href="https://facebook.com/taxumo">Facebook</a>, <a href="https://instagram.com/taxumo">Instagram</a>, and <a href="https://www.tiktok.com/@taxumo">TikTok</a>.

May 15, 2025 — Manila, Philippines — Taxumo, the Philippines’ leading online tax filing platform, has officially partnered with Security Bank to empower MSMEs, freelancers, and self-employed professionals through accessible business loan offerings tailored to their needs. This partnership combines Taxumo’s seamless digital platform with Security Bank’s trusted financial expertise, giving business owners direct access to customized loan options—all within a few clicks. Whether you’re expanding your operations, purchasing equipment, or stabilizing cash flow, the loan solutions available through this collaboration are built to help you take your business to the next level.“We’re thrilled to bring this partnership to life,” said by CEO Ginger Arboleda of Taxumo, “Our mission has always been to simplify compliance and empower entrepreneurs. With Security Bank on board, we’re now adding accessible financial support into that equation—giving our users even more tools to grow confidently.”Security Bank’s unique loan products include:-&nbsp;Business Express Loan: &nbsp;a fast, unsecured option ideal for short-term needs such as equipment purchases, office space expansion, or daily operations.- Business Mortgage Loan: a secured solution built for long-term growth investments.- Business Working Capital Loan: a flexible line for everyday business demands.Taxumo subscribers enjoy exclusive benefits such as preferential interest rates and a simplified application process via the Taxumo Loans Marketplace. From checking eligibility to booking a consultation with Security Bank, the process is designed to be easy, fast, and transparent.This partnership isn’t just a feature—it’s a value-added service built for your success. We’ve teamed up with Security Bank to bring real solutions to real business challenges.Take advantage of the streamlined loan application process to grow your business with ease and confidence. With tools you already trust—like Taxumo—getting funding is now more accessible than ever. To learn more about the Security Bank loan offers available to Taxumo subscribers, follow Taxumo on <a href="https://facebook.com/taxumo">Facebook</a>, <a href="https://instagram.com/taxumo">Instagram</a>, and <a href="https://www.tiktok.com/@taxumo">TikTok</a>.

Local companies

SMEs

May 15, 2025 — Manila, Philippines — Taxumo, the Philippines’ leading online tax filing platform, has officially partnered with Security Bank to empower MSMEs, freelancers, and self-employed professionals through accessible business loan offerings tailored to their needs.

Taxumo and Security Bank Partner to Offer Smarter, Accessible Loans to Filipino Entrepreneurs

This partnership aims to address one of the most common pain points of business owners: access to financing. Since all Taxumo subscribers are legitimate and consistent tax filers, they already have access to organized and verified tax records—key documents often required in business loan applications. With this new offering, subscribers can easily apply for BPI Ka-Negosyo Loans by simply clicking on the Business Loans tab in their Taxumo account, streamlining the entire process and increasing their chances of getting approved.

“We’re excited to work with BPI Business Banking to open new opportunities for entrepreneurs,” said Taxumo Chief Executive Officer, Ginger Arboleda. “This collaboration is about empowering our SMEs—giving them the tools and financial support they need to grow their businesses with confidence.&nbsp;With Taxumo, business owners, with their consent, can easily share their financial information with banks, allowing for a smoother process in assessing and approving their loan applications.”

BPI’s Ka-Negosyo Loan products cover a wide range of business financing needs—from working capital to business expansion—offering flexible terms and competitive rates. With the integration of Taxumo’s platform, subscribers can expect a smoother and more efficient loan experience.

"First foremost, we [BPI and Taxumo] share the same vision, we share the same value, we want to help Filipino SMEs grow their business and reach their dreams." said by Ms. Joyce, one of the representatives of BPI’s Ka-Negosyo Loans.

Key Benefits for Taxumo Subscribers:

&nbsp;- Streamlined document and data submission

- Access for both sole proprietors and corporations

This initiative marks another step in Taxumo’s mission to support the success of Filipino entrepreneurs—not just through tax compliance, but by opening doors to new business opportunities and financial growth.

To learn more about the BPI Ka-Negosyo Loan offers available to Taxumo subscribers, follow <a href="https://www.facebook.com/taxumo/">Taxumo’s Facebook</a>, <a href="https://www.instagram.com/taxumo/">Instagram </a>and <a href="https://www.tiktok.com/@taxumo">Tiktok</a> pages.

April 25, 2025 — Manila, Philippines — Taxumo, the Philippines’ leading online tax compliance platform, has announced an exciting new partnership with BPI Business Banking to provide greater access to funding for Filipino small and medium enterprises (SMEs). Through this collaboration, Taxumo subscribers—both sole proprietors and corporations—can now enjoy faster loan processing and exclusive business loan rates under BPI’s Ka-Negosyo Loan portfolio.
 This partnership aims to address one of the most common pain points of business owners: access to financing. Since all Taxumo subscribers are legitimate and consistent tax filers, they already have access to organized and verified tax records—key documents often required in business loan applications. With this new offering, subscribers can easily apply for BPI Ka-Negosyo Loans by simply clicking on the Business Loans tab in their Taxumo account, streamlining the entire process and increasing their chances of getting approved.<img style="width: 100%;" src="https://imagedelivery.net/H6_s_Eb_ylTWnSEV3HlmYQ/7531caf2-f9e3-4599-69c3-c1321c701600/public" alt="Image" />“We’re excited to work with BPI Business Banking to open new opportunities for entrepreneurs,” said Taxumo Chief Executive Officer, Ginger Arboleda. “This collaboration is about empowering our SMEs—giving them the tools and financial support they need to grow their businesses with confidence.&nbsp;With Taxumo, business owners, with their consent, can easily share their financial information with banks, allowing for a smoother process in assessing and approving their loan applications.”BPI’s Ka-Negosyo Loan products cover a wide range of business financing needs—from working capital to business expansion—offering flexible terms and competitive rates. With the integration of Taxumo’s platform, subscribers can expect a smoother and more efficient loan experience.<img style="width: 100%;" src="https://imagedelivery.net/H6_s_Eb_ylTWnSEV3HlmYQ/97eed273-dc49-4d75-ddae-c5e386475100/public" alt="Image" />"First foremost, we [BPI and Taxumo] share the same vision, we share the same value, we want to help Filipino SMEs grow their business and reach their dreams." said by Ms. Joyce, one of the representatives of BPI’s Ka-Negosyo Loans.Key Benefits for Taxumo Subscribers:- Faster BPI Ka-Negosyo Loan processing- Preferential business loan rates&nbsp;- Streamlined document and data submission- Access for both sole proprietors and corporationsThis initiative marks another step in Taxumo’s mission to support the success of Filipino entrepreneurs—not just through tax compliance, but by opening doors to new business opportunities and financial growth.To learn more about the BPI Ka-Negosyo Loan offers available to Taxumo subscribers, follow <a href="https://www.facebook.com/taxumo/">Taxumo’s Facebook</a>, <a href="https://www.instagram.com/taxumo/">Instagram </a>and <a href="https://www.tiktok.com/@taxumo">Tiktok</a> pages.

April 25, 2025 — Manila, Philippines — Taxumo, the Philippines’ leading online tax compliance platform, has announced an exciting new partnership with BPI Business Banking to provide greater access to funding for Filipino small and medium enterprises (SMEs). Through this collaboration, Taxumo subscribers—both sole proprietors and corporations—can now enjoy faster loan processing and exclusive business loan rates under BPI’s Ka-Negosyo Loan portfolio.


 Taxumo and BPI Business Banking Team Up to Empower SMEs with Faster Access to Ka-Negosyo Loans

Manila, Philippines – March 26, 2025 – AgadPay, a new Earned Wage Access (EWA) platform, is now available nationwide, providing Filipino employees with safe, convenient access to the wages they have already earned—before payday. This solution involves no loans, no interest, and no debt traps. Instead, workers can withdraw a portion of their accrued salary for a small, transparent fee, eliminating the need for high-interest payday loans that can lead to spiraling debt.

Earned Wage Access is an arrangement that lets employees tap into the income they have already accumulated prior to the official payday. It bridges the common financial gap that arises toward month’s end, cutting down on reliance on payday loans and informal lending. EWA is increasingly recognized as a sensible response to the urgent reality faced by Filipino workers, with 80% of Filipinos reportedly living paycheck to paycheck, 36 million still borrowing cash for daily needs, and 60% lacking any form of emergency fund. All these figures are underscoring the depth of financial stress many Filipinos experience.

The prevalence of high-cost lending is illustrated by the fact that 47.1% of Filipino adults regularly borrow money, often at interest rates that are difficult to repay. Many employees find themselves in a continuous cycle of debt, unable to break free from payday lenders. Studies have found that 66% of EWA users report reduced financial stress and that 79% of employees would consider changing jobs if EWA were offered elsewhere. This demonstrates strong demand for a more sustainable way to handle short-term cash shortages and underscores the value of EWA as a credible alternative to predatory lending sources.

By offering access to wages that have already been earned, AgadPay provides a dignified, debt-free way for workers to cover urgent expenses such as utility bills, tuition, or healthcare costs. There is no interest charged, only a minimal convenience fee, and employees remain in control of their own earnings rather than getting trapped in loan repayment cycles. This model relieves the anxiety that stems from living paycheck to paycheck and bolsters overall financial well-being.

AgadPay is entirely free for companies to offer. Employers who adopt EWA report positive outcomes that include higher retention rates and a more engaged workforce, an important factor given that 1 in 5 employees admits to reduced productivity due to financial strain. Studies also indicate EWA can increase employee retention by up to 78%. AgadPay integrates easily with existing payroll systems, meaning organizations can support the financial health of their workforce without taking on additional administrative burdens.

AgadPay is now open to businesses across the Philippines. To explore how this new EWA platform can benefit both companies and their employees, visit <a href="https://www.agadpay.ph/">www.agadpay.ph</a>&nbsp;for details on scheduling a demo or requesting more information.

AgadPay has officially launched in the Philippines, offering employees safe, on-demand access to their earned wages before payday—without loans, interest, or debt traps. In a market where millions of Filipinos live paycheck to paycheck and often rely on high-interest payday lenders, AgadPay provides a healthier financial alternative that helps reduce stress and improve financial stability. The platform is free for employers to offer and has been shown to boost employee retention and productivity by giving workers greater control over their finances. Manila, Philippines – March 26, 2025 – AgadPay, a new Earned Wage Access (EWA) platform, is now available nationwide, providing Filipino employees with safe, convenient access to the wages they have already earned—before payday. This solution involves no loans, no interest, and no debt traps. Instead, workers can withdraw a portion of their accrued salary for a small, transparent fee, eliminating the need for high-interest payday loans that can lead to spiraling debt.<h2>What is Earned Wage Access (EWA)?</h2>Earned Wage Access is an arrangement that lets employees tap into the income they have already accumulated prior to the official payday. It bridges the common financial gap that arises toward month’s end, cutting down on reliance on payday loans and informal lending. EWA is increasingly recognized as a sensible response to the urgent reality faced by Filipino workers, with 80% of Filipinos reportedly living paycheck to paycheck, 36 million still borrowing cash for daily needs, and 60% lacking any form of emergency fund. All these figures are underscoring the depth of financial stress many Filipinos experience.<h2>Why the Philippines Needs EWA</h2>The prevalence of high-cost lending is illustrated by the fact that 47.1% of Filipino adults regularly borrow money, often at interest rates that are difficult to repay. Many employees find themselves in a continuous cycle of debt, unable to break free from payday lenders. Studies have found that 66% of EWA users report reduced financial stress and that 79% of employees would consider changing jobs if EWA were offered elsewhere. This demonstrates strong demand for a more sustainable way to handle short-term cash shortages and underscores the value of EWA as a credible alternative to predatory lending sources.<h2>A Better Option for Employees</h2>By offering access to wages that have already been earned, AgadPay provides a dignified, debt-free way for workers to cover urgent expenses such as utility bills, tuition, or healthcare costs. There is no interest charged, only a minimal convenience fee, and employees remain in control of their own earnings rather than getting trapped in loan repayment cycles. This model relieves the anxiety that stems from living paycheck to paycheck and bolsters overall financial well-being.<h2>A Win-Win for Employers</h2>AgadPay is entirely free for companies to offer. Employers who adopt EWA report positive outcomes that include higher retention rates and a more engaged workforce, an important factor given that 1 in 5 employees admits to reduced productivity due to financial strain. Studies also indicate EWA can increase employee retention by up to 78%. AgadPay integrates easily with existing payroll systems, meaning organizations can support the financial health of their workforce without taking on additional administrative burdens.AgadPay is now open to businesses across the Philippines. To explore how this new EWA platform can benefit both companies and their employees, visit <a href="https://www.agadpay.ph/">www.agadpay.ph</a>&nbsp;for details on scheduling a demo or requesting more information.

HR / Recruitment

System / Website / Application development

Full time job / Part-time job / Career

AgadPay has officially launched in the Philippines, offering employees safe, on-demand access to their earned wages before payday—without loans, interest, or debt traps. In a market where millions of Filipinos live paycheck to paycheck and often rely on high-interest payday lenders, AgadPay provides a healthier financial alternative that helps reduce stress and improve financial stability. The platform is free for employers to offer and has been shown to boost employee retention and productivity by giving workers greater control over their finances.

AgadPay Launches in the Philippines, Tackling the Payday Loan Trap Head-On

Cebuana
Lhuillier’s Ka Negosyo Program to Provide Exclusive Financing for Xpress Driver
Partners

0%
Commission to Support Drivers Transitioning to Hybrid &amp; EVs

Manila, Philippines –
February 18, 2025 – The Xpress EV: Sustainable Rides, Pinoy Pride
event at Blue Leaf Pavilion, McKinley Hill, marked a major milestone in
Philippine transportation as Xpress, the country’s fastest-growing
ride-hailing platform, officially announced its partnership with BYD and
ACMobility to accelerate the shift to sustainable urban mobility.

BYD
and Xpress: Leading the Charge for Sustainable Mobility

Through this
collaboration, Xpress is taking a bold step toward electrifying its fleet,
integrating BYD’s industry-leading electric and hybrid vehicles into its
ride-hailing platform. The initiative aligns with Xpress’s long-term vision
of making EV adoption accessible, cost-effective, and beneficial for drivers
and passengers alike.

To further support
drivers making the transition from traditional vehicles to hybrid and electric
models, Xpress is rolling out a 0% commission program for a limited time.
During this transition period, drivers who operate EVs and hybrid
vehicles through Xpress will retain 100% of their earnings, helping
them recover their investment faster and realize the financial
benefits of sustainable mobility immediately.

Kickstarting
EV Adoption Through the Xpress Negosyo Program

Understanding that upfront
costs remain a major barrier to EV adoption, Xpress has launched the Negosyo
Program, securing the first batch of hybrid and electric vehicles to
provide drivers with an accessible pathway into the EV ecosystem.

Additionally, Xpress has
partnered with Cebuana Lhuillier’s Ka Negosyo Program, which is offering
exclusive financing options tailored for Xpress driver partners. This
initiative will provide affordable payment terms for EV and hybrid vehicle
purchases, focusing on drivers in Metro Manila and other key cities
nationwide.

Industry
Leaders Rally Behind Xpress’s EV Vision

During the event, Cliff
Cabungcal, President of Xpress, emphasized the transformational role of
this partnership in reshaping the ride-hailing industry.

"The future of
urban transport is sustainable, and Xpress is committed to leading this
transition. Our partnership with BYD allows us to integrate cutting-edge EV
technology into our platform, while our driver-support programs help ensure a
smooth and profitable transition for our partners," said
Cabungcal.

Jaime Alfonso Zobel de
Ayala, CEO of ACMobility, expressed his excitement for the
partnership, stating:

"Xpress is the
first ride-hailing company in the Philippines to implement such a
forward-thinking program. Their commitment to sustainability and driver
empowerment aligns perfectly with AC Mobility’s vision. Through our investment
in EV charging infrastructure, we are ensuring that this transition is not just
possible, but practical and accessible for drivers nationwide."

ACMobility has invested over
$100M in expanding EV charging networks, ensuring that Xpress EV drivers
will have access to reliable charging stations, even in previously
underserved areas.

Jean Henri Lhuillier,
Chairman of Xpress, reinforced Xpress’s role as a leader in EV adoption,
stating:

"The transition to
EVs is not just about sustainability—it’s about securing better earnings, lower
operating costs, and financial stability for our drivers as they become
entrepreneurs. That’s why Xpress is introducing a 0% commission program for a limited
time to support their transition. With the backing of Cebuana Lhuillier’s Ka
Negosyo Program, Xpress driver partners now have a pathway to EV ownership,
making this shift more accessible than ever."

A
Game-Changer for Philippine Ride-Hailing

The Xpress EV
initiative represents a transformational shift in Philippine
ride-hailing, combining industry-leading EV technology, driver financing
solutions, and infrastructure investment to create a clean, efficient,
and driver-first mobility ecosystem.

With BYD’s proven EV
technology, ACMobility’s nationwide charging network, and Xpress’s
commitment to empowering drivers, this initiative paves the way for a new
era of sustainable transport in the Philippines.

Get ready for a transportation revolution! Xpress is turbocharging the shift to sustainable mobility in the Philippines by teaming up with BYD, AC Mobility, and Cebuana Lhuillier’s Ka Negosyo Program. We're electrifying our fleet with state-of-the-art electric and hybrid vehicles—and our groundbreaking 0% commission program with exclusive financing makes the leap to eco-friendly rides irresistibly rewarding. Industry leaders are buzzing with excitement over this game-changing move, heralding a future of cleaner, faster, and more efficient urban transport. Join us on this thrilling ride toward a sustainable tomorrow! Cebuana
Lhuillier’s Ka Negosyo Program to Provide Exclusive Financing for Xpress Driver
Partners0%
Commission to Support Drivers Transitioning to Hybrid &amp; EVsManila, Philippines –
February 18, 2025 – The Xpress EV: Sustainable Rides, Pinoy Pride
event at Blue Leaf Pavilion, McKinley Hill, marked a major milestone in
Philippine transportation as Xpress, the country’s fastest-growing
ride-hailing platform, officially announced its partnership with BYD and
ACMobility to accelerate the shift to sustainable urban mobility.BYD
and Xpress: Leading the Charge for Sustainable Mobility<img style="width: 100%;" src="https://imagedelivery.net/H6_s_Eb_ylTWnSEV3HlmYQ/4692065b-e39d-4931-f311-02ace922b000/public" alt="Jaime Alfonso Zobel de
Ayala, CEO of ACMobility&nbsp;and&nbsp;Jean Henri Lhuillier,
Chairman of Xpress" />Through this
collaboration, Xpress is taking a bold step toward electrifying its fleet,
integrating BYD’s industry-leading electric and hybrid vehicles into its
ride-hailing platform. The initiative aligns with Xpress’s long-term vision
of making EV adoption accessible, cost-effective, and beneficial for drivers
and passengers alike.To further support
drivers making the transition from traditional vehicles to hybrid and electric
models, Xpress is rolling out a 0% commission program for a limited time.
During this transition period, drivers who operate EVs and hybrid
vehicles through Xpress will retain 100% of their earnings, helping
them recover their investment faster and realize the financial
benefits of sustainable mobility immediately.Kickstarting
EV Adoption Through the Xpress Negosyo ProgramUnderstanding that upfront
costs remain a major barrier to EV adoption, Xpress has launched the Negosyo
Program, securing the first batch of hybrid and electric vehicles to
provide drivers with an accessible pathway into the EV ecosystem.Additionally, Xpress has
partnered with Cebuana Lhuillier’s Ka Negosyo Program, which is offering
exclusive financing options tailored for Xpress driver partners. This
initiative will provide affordable payment terms for EV and hybrid vehicle
purchases, focusing on drivers in Metro Manila and other key cities
nationwide.<img style="width: 100%;" src="https://imagedelivery.net/H6_s_Eb_ylTWnSEV3HlmYQ/9606a911-b4d9-48d5-4c43-ce30a4da9700/public" alt="Xpress's new Fleet staring&nbsp;the BYD Sealion 6" />Industry
Leaders Rally Behind Xpress’s EV VisionDuring the event, Cliff
Cabungcal, President of Xpress, emphasized the transformational role of
this partnership in reshaping the ride-hailing industry."The future of
urban transport is sustainable, and Xpress is committed to leading this
transition. Our partnership with BYD allows us to integrate cutting-edge EV
technology into our platform, while our driver-support programs help ensure a
smooth and profitable transition for our partners," said
Cabungcal.Jaime Alfonso Zobel de
Ayala, CEO of ACMobility, expressed his excitement for the
partnership, stating:"Xpress is the
first ride-hailing company in the Philippines to implement such a
forward-thinking program. Their commitment to sustainability and driver
empowerment aligns perfectly with AC Mobility’s vision. Through our investment
in EV charging infrastructure, we are ensuring that this transition is not just
possible, but practical and accessible for drivers nationwide."ACMobility has invested over
$100M in expanding EV charging networks, ensuring that Xpress EV drivers
will have access to reliable charging stations, even in previously
underserved areas.Jean Henri Lhuillier,
Chairman of Xpress, reinforced Xpress’s role as a leader in EV adoption,
stating:"The transition to
EVs is not just about sustainability—it’s about securing better earnings, lower
operating costs, and financial stability for our drivers as they become
entrepreneurs. That’s why Xpress is introducing a 0% commission program for a limited
time to support their transition. With the backing of Cebuana Lhuillier’s Ka
Negosyo Program, Xpress driver partners now have a pathway to EV ownership,
making this shift more accessible than ever."A
Game-Changer for Philippine Ride-HailingThe Xpress EV
initiative represents a transformational shift in Philippine
ride-hailing, combining industry-leading EV technology, driver financing
solutions, and infrastructure investment to create a clean, efficient,
and driver-first mobility ecosystem.With BYD’s proven EV
technology, ACMobility’s nationwide charging network, and Xpress’s
commitment to empowering drivers, this initiative paves the way for a new
era of sustainable transport in the Philippines.

Automotive / Automotive Supplies

Green technology

Event

Get ready for a transportation revolution! Xpress is turbocharging the shift to sustainable mobility in the Philippines by teaming up with BYD, AC Mobility, and Cebuana Lhuillier’s Ka Negosyo Program. We're electrifying our fleet with state-of-the-art electric and hybrid vehicles—and our groundbreaking 0% commission program with exclusive financing makes the leap to eco-friendly rides irresistibly rewarding. Industry leaders are buzzing with excitement over this game-changing move, heralding a future of cleaner, faster, and more efficient urban transport. Join us on this thrilling ride toward a sustainable tomorrow!

Xpress and BYD Partner to Drive EV Adoption in the Philippines

&nbsp; Manila, Philippines – June 24, 2024 - MFast and Trusting Social, both leaders in financial technologies, are harnessing Vietnamese tech talents to bring their innovations to the Philippines. According to a 2022 report by DataAI &amp; APPMagic, after the USA, China, and India, apps developed by Vietnam are the 4th most downloaded globally. This is thanks to Vietnam‘s vibrant tech landscape, which has fostered companies like MFast and Trusting Social.&nbsp;&nbsp; Combined, MFast and Trusting Social have
over 300 data scientists, software developers, and IT engineers working on the
latest cutting-edge technology in the financial services and generative AI
spaces.

MFast is the leading digitally-enabled human-assisted sales
agent network in Southeast Asia, while Trusting Social is a full-service
identity, risk, and credit solution provider with more than one billion profiles
across Asia.

In this collaboration, MFast will use Trusting
Social’s advanced KYC system to ensure user security and authenticity.
Utilizing data &amp; AI-driven insights, the system helps to ensure that every
agent onboarded meets the high-quality standards of MFast.

Phan Thanh Long, Co-Founder and CEO of MFast,
remarks, “We are proud to bring our joint technological excellence to the
global scene, starting with the Philippines.”

Tuyen Huynh, Chief Scientist and Co-Founder of
Trusting Social, adds, “Our security &amp; credit technologies have always been
best-in-class domestically in Vietnam, and now, with MFast’s help, we will
continue our journey to become best-in-class regionally across Asia.”

MFast and Trusting Social, leaders in fintech from Vietnam, are collaborating to integrate advanced KYC technologies to enhance user security and expand their operations in the Philippines, leveraging their substantial tech workforce and innovation. <img style="width: 100%;" src="https://vritimes-public.s3.ap-southeast-1.amazonaws.com/production/1a8f50a7b9d1fee19b443f9d0959ca4625946c4842b2cbfe1dd215810370ba70/image.png" alt="Image" />&nbsp; Manila, Philippines – June 24, 2024 - MFast and Trusting Social, both leaders in financial technologies, are harnessing Vietnamese tech talents to bring their innovations to the Philippines. According to a 2022 report by DataAI &amp; APPMagic, after the USA, China, and India, apps developed by Vietnam are the 4th most downloaded globally. This is thanks to Vietnam‘s vibrant tech landscape, which has fostered companies like MFast and Trusting Social.&nbsp;&nbsp; Combined, MFast and Trusting Social have
over 300 data scientists, software developers, and IT engineers working on the
latest cutting-edge technology in the financial services and generative AI
spaces.MFast is the leading digitally-enabled human-assisted sales
agent network in Southeast Asia, while Trusting Social is a full-service
identity, risk, and credit solution provider with more than one billion profiles
across Asia.

In this collaboration, MFast will use Trusting
Social’s advanced KYC system to ensure user security and authenticity.
Utilizing data &amp; AI-driven insights, the system helps to ensure that every
agent onboarded meets the high-quality standards of MFast.

Phan Thanh Long, Co-Founder and CEO of MFast,
remarks, “We are proud to bring our joint technological excellence to the
global scene, starting with the Philippines.”
Tuyen Huynh, Chief Scientist and Co-Founder of
Trusting Social, adds, “Our security &amp; credit technologies have always been
best-in-class domestically in Vietnam, and now, with MFast’s help, we will
continue our journey to become best-in-class regionally across Asia.”

Application

Startups

MFast and Trusting Social, leaders in fintech from Vietnam, are collaborating to integrate advanced KYC technologies to enhance user security and expand their operations in the Philippines, leveraging their substantial tech workforce and innovation.

MFast and Trusting Social Partner to Bring Vietnam-rooted Innovations to the Philippines

Bacolod City, Philippines – UNAWA debuts UCheck, its groundbreaking Anti-Money Laundering (AML) compliance tool in the 67th RBAP Charter Anniversary Symposium at SMX Bacolod, June 3-5.

The three-day event hosted by the Rural Bankers Association of the Philippines (RBAP) and organized by the Negros Occidental Federation of Rural Banks (NOFRB) marked a significant step in establishing partnerships and showcasing Philippine technology.

Over 380 rural banks gathered at the symposium to discuss pivotal issues and regulatory measures impacting the rural banking industry. The event provided a prime opportunity for UNAWA to network with top rural bankers, exhibit its cutting-edge solutions, and cultivate connections with key stakeholders.

"Our goal is to empower rural banks with the tools so compliance need not to be painful and expensive and so banks can focus on their real work," states Atty. Regina Jacinto-Barrientos.

UNAWA's UCheck, a powerful name-screening tool for effective AML checks, was the highlight of the presentation.&nbsp;

UNAWA’s participation in the 67th RBAP Symposium not only introduced UCheck to rural banks but also showcased the potential of Philippine technology in transforming business operations.&nbsp;

"UCheck empowers businesses to make informed decisions with confidence, offering comprehensive protection with significant ease," says UNAWA COO Atty. Gino Jacinto.

The symposium also featured a significant moment as UNAWA CEO Atty. Regina Jacinto-Barrientos and COO Atty. Gino Jacinto engaged in productive discussions with Bacolod City Mayor Albee Benitez. These discussions emphasized the role of advanced digital solutions in enhancing local business security and efficiency.

‘Make decisions without fear. Achieve freedom from fraud with UCheck’ encapsulates UNAWA’s message. By automating AML checks and providing advanced name screening, UCheck helps businesses mitigate risks and maintain regulatory compliance effortlessly.

For more information about UCheck and partnership opportunities with UNAWA, please visit <a href="https://www.unawa.asia/">UNAWA’s website</a>.

<></>Bacolod City, Philippines – UNAWA debuts UCheck, its groundbreaking Anti-Money Laundering (AML) compliance tool in the 67th RBAP Charter Anniversary Symposium at SMX Bacolod, June 3-5.<img style="width: 100%;" src="https://vritimes-public.s3.ap-southeast-1.amazonaws.com/production/2f6ac69d7c62f8b2871917cc64d21054b5db920bdf6a993aff984355d4c0d1c5/Bacolod%20City%20Mayor%20Albee%20Benitez%20and%20UNAWA%20CEO%20Atty.%20Regina%20Jacinto-Barrientos.jpg" alt="Bacolod City Mayor Albee Benitez and UNAWA CEO Atty. Regina Jacinto-Barrientos at&nbsp;67th RBAP Charter Anniversary Symposium at SMX Bacolod, June 3-5." />The three-day event hosted by the Rural Bankers Association of the Philippines (RBAP) and organized by the Negros Occidental Federation of Rural Banks (NOFRB) marked a significant step in establishing partnerships and showcasing Philippine technology.Over 380 rural banks gathered at the symposium to discuss pivotal issues and regulatory measures impacting the rural banking industry. The event provided a prime opportunity for UNAWA to network with top rural bankers, exhibit its cutting-edge solutions, and cultivate connections with key stakeholders."Our goal is to empower rural banks with the tools so compliance need not to be painful and expensive and so banks can focus on their real work," states Atty. Regina Jacinto-Barrientos.UNAWA's UCheck, a powerful name-screening tool for effective AML checks, was the highlight of the presentation.&nbsp;UNAWA’s participation in the 67th RBAP Symposium not only introduced UCheck to rural banks but also showcased the potential of Philippine technology in transforming business operations.&nbsp;"UCheck empowers businesses to make informed decisions with confidence, offering comprehensive protection with significant ease," says UNAWA COO Atty. Gino Jacinto.The symposium also featured a significant moment as UNAWA CEO Atty. Regina Jacinto-Barrientos and COO Atty. Gino Jacinto engaged in productive discussions with Bacolod City Mayor Albee Benitez. These discussions emphasized the role of advanced digital solutions in enhancing local business security and efficiency.‘Make decisions without fear. Achieve freedom from fraud with UCheck’ encapsulates UNAWA’s message. By automating AML checks and providing advanced name screening, UCheck helps businesses mitigate risks and maintain regulatory compliance effortlessly.For more information about UCheck and partnership opportunities with UNAWA, please visit <a href="https://www.unawa.asia/">UNAWA’s website</a>.

Government offices / organizations

UNAWA Debuts Anti-Money Laundering Tool at RBAP Symposium

Manila, Philippines—MFast and Global Dominion are excited to announce a strategic customer origination partnership focused on broadening financial inclusion for all Filipinos nationwide.

MFast, a leading South East Asia sales agent network, initially established in Vietnam by entrepreneur twin brothers: Phan Thanh Long &amp; Phan Thanh Vinh, has gained recognition for its innovative digitally-enabled human-assisted approach to servicing the underbanked consumers.

By partnering with Global Dominion, a company celebrated for its accessible loan products and efficient service, MFast continues its mission to empowerevery Filipino, especially those in the provinces, with an income opportunity as well as access to regulated financial products.

The partnership was officially sealed at a signing ceremony attended by senior executives from both companies, including MFast Philippines’ General Manager, Carolyn Rose G. Lao, MFast Philippines’ Marketing &amp; Communications Lead, Jay Padriga, and Global Dominion's Vice Chairman &amp; CEO, Robert B. Jordan Jr., along with President &amp; Managing Director, Patricia Poco-Palacios.

Lao underscored the importance of this alliance, stating, "This partnership is not just about merging our operations; it's about aligning our core values to drive financial empowerment throughout the Philippines, a commitment that we are both deeply dedicated to."

Global Dominion brings to the partnership its robust expertise in financial services, including car and business loan products that cater to a broad demographic. Palacios expressed enthusiasm about the cooperation, noting, "Working with MFast enhances our capabilities to service a wider client base while continuing to provide the financial tools essential for business and personal growth."

This partnership is poised to transform the financial landscape in the Philippines by making financial services more inclusive and accessible, thus fostering economic growth and stability across the country.

Visit MFast's website for more details on its services. To explore Global Dominion's range of financial products, please visit the Global Dominion's website.

MFast, a prominent Southeast Asian sales agent network, and Global Dominion, a renowned provider of accessible loan products, have formed a partnership aimed at expanding financial inclusion across the Philippines.<></><img style="width: 100%;" src="https://vritimes-public.s3.ap-southeast-1.amazonaws.com/production/d128d49c2583183b394842457816c8d639604273b63e884cc9c1b88b7d78d709/DSCF3276.jpg" alt="In the photo (L-R): Samuel Cariño (Global Dominion General Manager for Branch Marketing), Robert Jordan Jr. (Global Dominion CEO), Patricia Poco - Palacios (Global Dominion President &amp; Managing Director), Carolyn Rose Lao (MFast Philippines General Manager), Jay Padriga (MFast Philippines Marketing &amp; Communications Lead ), and Quincy Lopez (Global Dominion Partnerships Lead)" />Manila, Philippines—MFast and Global Dominion are excited to announce a strategic customer origination partnership focused on broadening financial inclusion for all Filipinos nationwide.MFast, a leading South East Asia sales agent network, initially established in Vietnam by entrepreneur twin brothers: Phan Thanh Long &amp; Phan Thanh Vinh, has gained recognition for its innovative digitally-enabled human-assisted approach to servicing the underbanked consumers.By partnering with Global Dominion, a company celebrated for its accessible loan products and efficient service, MFast continues its mission to empowerevery Filipino, especially those in the provinces, with an income opportunity as well as access to regulated financial products.The partnership was officially sealed at a signing ceremony attended by senior executives from both companies, including MFast Philippines’ General Manager, Carolyn Rose G. Lao, MFast Philippines’ Marketing &amp; Communications Lead, Jay Padriga, and Global Dominion's Vice Chairman &amp; CEO, Robert B. Jordan Jr., along with President &amp; Managing Director, Patricia Poco-Palacios.Lao underscored the importance of this alliance, stating, "This partnership is not just about merging our operations; it's about aligning our core values to drive financial empowerment throughout the Philippines, a commitment that we are both deeply dedicated to."Global Dominion brings to the partnership its robust expertise in financial services, including car and business loan products that cater to a broad demographic. Palacios expressed enthusiasm about the cooperation, noting, "Working with MFast enhances our capabilities to service a wider client base while continuing to provide the financial tools essential for business and personal growth."This partnership is poised to transform the financial landscape in the Philippines by making financial services more inclusive and accessible, thus fostering economic growth and stability across the country.Visit MFast's website for more details on its services. To explore Global Dominion's range of financial products, please visit the Global Dominion's website.

MFast, a prominent Southeast Asian sales agent network, and Global Dominion, a renowned provider of accessible loan products, have formed a partnership aimed at expanding financial inclusion across the Philippines.

MFast and Global Dominion Partner to Enhance Financial Inclusion for All Filipinos Nationwide

Through this new solution, Netbank provides a dedicated bank account for international remittance companies to facilitate inbound transactions from overseas and local disbursements into different bank accounts and wallets.

Netbank has already partnered with TransferGo, a global payment service provider registered in the United Kingdom, for this solution.

TransferGo was able to facilitate inbound transactions in GBP and USD from overseas and was able to disburse PHP into different local bank accounts and wallets via an Application Programming Interface (API) connection.

Augmante Alisauskaite, Senior Relationship Manager of TransferGo said,

“Despite the complexities of navigating regulatory requirements, the Netbank team demonstrated a high level of expertise throughout the process.

Their approach allowed us to build one of the best products in the market. The innovative approach taken by their team has truly set them apart as a partner.”

Alain Abadiano, Head of International Accounts and Payments Solutions of Netbank said,

“With the large presence of Filipino migrant workers all around the globe, and increasing B2B trade flows, there is a huge opportunity for international remittance companies serving the Philippines.

Netbank is here to provide innovative solutions to these companies and ensure that their business transactions here in the Philippines will be seamless and efficient.”

<h1>Netbank Launches Solution to Ease Remittances to the Philippines</h1>Netbank, a Banking as a Service (BaaS) platform, has launched a solution that allows international remittance companies to facilitate cross border payments into the Philippines.Through this new solution, Netbank provides a dedicated bank account for international remittance companies to facilitate inbound transactions from overseas and local disbursements into different bank accounts and wallets.Netbank has already partnered with TransferGo, a global payment service provider registered in the United Kingdom, for this solution.TransferGo was able to facilitate inbound transactions in GBP and USD from overseas and was able to disburse PHP into different local bank accounts and wallets via an Application Programming Interface (API) connection.<img style="max-width:100%;height:auto;" src="https://vritimes-public.s3.ap-southeast-1.amazonaws.com/production/f43625811963c0cde6e86b3cb88cac29f3747766d381aa0bb4636285e0d5acff/Augmante-Alisauskaite-300x300.jpg" alt="Augmante Alisauskaite"/>Augmante Alisauskaite, Senior Relationship Manager of TransferGo said,“Despite the complexities of navigating regulatory requirements, the Netbank team demonstrated a high level of expertise throughout the process.Their approach allowed us to build one of the best products in the market. The innovative approach taken by their team has truly set them apart as a partner.”Alain Abadiano, Head of International Accounts and Payments Solutions of Netbank said,“With the large presence of Filipino migrant workers all around the globe, and increasing B2B trade flows, there is a huge opportunity for international remittance companies serving the Philippines.Netbank is here to provide innovative solutions to these companies and ensure that their business transactions here in the Philippines will be seamless and efficient.”We give fintechs a total toolkit, so they can focus on their clients and their growth. The same tools allow non-bank networks (pawnshops, MFIs, employers, insurers) to offer complete banking services to their clients. We are excited by seeing other organizations succeed.

Our goal is to allow Filipinos to get safe and reliable banking from the channels and institutions they already trust.Netbank.ph
+6328708-7087
support@netbank.ph

Securities / FX / Investment Trusts

Netbank, a Banking as a Service (BaaS) platform, has launched a solution that allows international remittance companies to facilitate cross border payments into the Philippines.

Netbank Launches Solution to Ease Remittances to the Philippines

This cross-border payment service is part of the e-wallet’s strengthened collaboration and partnership with Alipay+ to offer a seamless and secure payment experience, as well as real-time foreign exchange (forex) with no service fee, allowing customers a hassle-free and rewarding travel experience abroad.

Among the key merchants and stores that can accept GCash via Alipay+ are Harrods, Liberty London, and Harvey Nichols in the UK; Printemps in France; Müller and dm-drogerie markt in Germany; as well as itTaxi, and IVS Group, the leader in the vending machines market, in Italy.

“In line with our fervent commitment to make our customers’ everyday lives better and more convenient, we want to make sure that they can maximize their GCash account not only locally but wherever they are across the world. We look forward to expanding to other markets abroad soon and to partner with even more merchants in 2023,” GCash president and CEO Martha Sazon said.

When paying for your purchases at these destinations, be sure to look for the Alipay+ logo at the checkout. Open your GCash app and select the QR or PayQR button at the bottom of the screen. Scan the merchant’s QR code, or tap “Pay Abroad with Alipay+” to have the merchant scan your generated QR. Then check the amount, and click Pay to see the receipt.

So no need to bring cash or exchange currency for shopping abroad. Just choose the GCash Scan-to-Pay option for your purchases for a smooth and seamless travel experience – all in just a few taps on your phone via the GCash app! For more information, visit https://help.gcash.com/ and click the “How to Pay QR Internationally” topic.

GCash is continuously expanding its international payment touchpoints in partnership with Alipay+. Aside from the European destinations, the Philippine e-wallet can be used to pay in select merchants across Japan, South Korea, Singapore, Malaysia, and Qatar.

It’s also making its services available to more Filipinos worldwide as the GCash app can now be used with international numbers in the US, UK, Canada, Japan, Italy, and Australia.

<h1>GCash users can now go cashless on their next Euro trip thanks to Alipay+ partnership</h1>GCash users can now opt for a hassle-free, cashless payment method on their next Euro trip as the Philippines’ leading mobile wallet is now accepted in Europe’s top travel destinations, including the United Kingdom, France, Germany, and Italy.This cross-border payment service is part of the e-wallet’s strengthened collaboration and partnership with Alipay+ to offer a seamless and secure payment experience, as well as real-time foreign exchange (forex) with no service fee, allowing customers a hassle-free and rewarding travel experience abroad.Among the key merchants and stores that can accept GCash via Alipay+ are Harrods, Liberty London, and Harvey Nichols in the UK; Printemps in France; Müller and dm-drogerie markt in Germany; as well as itTaxi, and IVS Group, the leader in the vending machines market, in Italy.“In line with our fervent commitment to make our customers’ everyday lives better and more convenient, we want to make sure that they can maximize their GCash account not only locally but wherever they are across the world. We look forward to expanding to other markets abroad soon and to partner with even more merchants in 2023,” GCash president and CEO Martha Sazon said.When paying for your purchases at these destinations, be sure to look for the Alipay+ logo at the checkout. Open your GCash app and select the QR or PayQR button at the bottom of the screen. Scan the merchant’s QR code, or tap “Pay Abroad with Alipay+” to have the merchant scan your generated QR. Then check the amount, and click Pay to see the receipt.So no need to bring cash or exchange currency for shopping abroad. Just choose the GCash Scan-to-Pay option for your purchases for a smooth and seamless travel experience – all in just a few taps on your phone via the GCash app! For more information, visit https://help.gcash.com/ and click the “How to Pay QR Internationally” topic.GCash is continuously expanding its international payment touchpoints in partnership with Alipay+. Aside from the European destinations, the Philippine e-wallet can be used to pay in select merchants across Japan, South Korea, Singapore, Malaysia, and Qatar.It’s also making its services available to more Filipinos worldwide as the GCash app can now be used with international numbers in the US, UK, Canada, Japan, Italy, and Australia.GCash is a Philippine mobile payments service owned by Globe Fintech Innovations, Inc., and operated by its wholly-owned subsidiary, G-Xchange, Inc.support@gcash.com

Cryptocurrency

GCash users can now opt for a hassle-free, cashless payment method on their next Euro trip as the Philippines’ leading mobile wallet is now accepted in Europe’s top travel destinations, including the United Kingdom, France, Germany, and Italy.

GCash users can now go cashless on their next Euro trip thanks to Alipay+ partnership

Tonik said that its seamless onboarding process, wide range of financial products, and innovative services have played a significant role in driving its growth.

Since its launch, Tonik has aimed to provide Filipinos, particularly those previously underserved by traditional banking institutions, with accessible, secure, and user-friendly digital banking services.

The digital bank added that it will continue to innovate and enhance its digital offerings to better serve the diverse needs of the Philippine market.

“We are thrilled to celebrate this momentous milestone, as it stands as a testament to the robust customer-centric model that Tonik has to offer.

Achieving one million onboarded clients in such a short span is a validation of the growing trust and confidence of the Filipino community in our digital banking services.”

said Greg Krasnov, CEO and Founder of Tonik.

<h1>Tonik Surpasses One Million Customers Since Launch</h1>Philippines’ digital bank Tonik announced that it has onboarded over one million customers since its inception.Tonik said that its seamless onboarding process, wide range of financial products, and innovative services have played a significant role in driving its growth.Since its launch, Tonik has aimed to provide Filipinos, particularly those previously underserved by traditional banking institutions, with accessible, secure, and user-friendly digital banking services.The digital bank added that it will continue to innovate and enhance its digital offerings to better serve the diverse needs of the Philippine market.<img style="max-width:100%;height:auto;" src="https://vritimes-public.s3.ap-southeast-1.amazonaws.com/production/964b50163c9bab6624f4d9f58dfeb09d1844410d4858c5f6d4f4446d1cfbaecb/Greg-Krasnov-150x150.jpg" alt="Greg Krasnov"/>“We are thrilled to celebrate this momentous milestone, as it stands as a testament to the robust customer-centric model that Tonik has to offer.Achieving one million onboarded clients in such a short span is a validation of the growing trust and confidence of the Filipino community in our digital banking services.”said Greg Krasnov, CEO and Founder of Tonik.Tonik is a transformative digital bank on a mission to revolutionize the way money works in Southeast Asia.

We are addressing the US$140 billion retail deposit and US$100 billion unsecured retail lending opportunities in the Philippines. We believe the existing Filipino banking customers and the 70% of the Filipinos that remain unbanked deserve a better choice – a digital-only bank that is simple, not intimidating, helps them save, all at the click of a button. As the world leader in internet and social media usage, we believe Philippines is ripe for becoming a world leader in digital banking too.

We plan to make it happen. We provide retail financial products, including deposits, loans, savings accounts, payments, and cards on a highly secure digital banking platform.

Innovation is woven into the DNA of our company. We put customers first. We challenge the status quo. We are relentless. We are passionate about improving people’s financial lives through the use of technology.

Tonik is officially the Philippines’ first neobank to secure a digital bank license from the Bangko Sentral ng Pilipinas (BSP). Deposits are insured by the Philippine Deposit Insurance Corporation (PDIC).customercare@tonikbank.com
+63 2 5322 2645

Philippines’ digital bank Tonik announced that it has onboarded over one million customers since its inception.

Tonik Surpasses One Million Customers Since Launch

MANILA, Philippines — The world has certainly transformed by leaps and bounds, thanks to technology and innovation.

In retrospect, it is being creative and imaginative—building on the old, while embracing the new—that enable institutions to become future-ready.

Amid its transformation to becoming the country’s first "techglomerate," the Aboitiz Group is leveraging its decades-long experience and adapting to new agile processes and technologies.

A big part of its vision of establishing a sustainable enterprise that generates long-term equitable value is its energy arm’s 10-year renewable energy growth strategy.

AboitizPower is harnessing new technological advancements and industry trends that can help expedite the realization of its strategy to strike a 50:50 balance between thermal and renewable portfolios by 2030.

Last January, it held a groundbreaking ceremony for its 17-megawatt (MW) binary geothermal project in Tiwi, Albay. This July, the operation of its 94 MW peak Cayanga-Bugallon solar power project in Pangasinan is expected to be completed.

Meanwhile, the financial close of its 90 MW Libmanan onshore wind project in Camarines Sur will be finished by the end of the year.

At the same time, the power company is transforming its substations in Cebu and Davao to become fully digital, creating a stronger and efficient network security.

AboitizPower is also the first power company in the country to utilize artificial intelligence (AI) to help analyze data from its power plants and, in the process, predict and avoid breakdowns and optimize planned shutdowns.

There are many other initiatives including the use of green transformers to replace old units that use mineral oil, the upcycling of ash and plastic waste into bricks and the adoption of science-based approaches in responding to community disasters and climate change.

The Aboitiz Group has also taken advantage of the advancements in digitalization to significantly improve its banking services and operations via its banking arm UnionBank.

This is evidenced by the Asset Triple A’s recognition of it being this year’s Digital Bank of the Year. This makes UnionBank the first and only Philippine bank to receive the award six years in a row.

One of UnionBank’s biggest projects is the game-changing UB Innovation Campus, the first smart campus for a financial institution in the Asia Pacific region, powered by Huawei Technologies.

The UnionBank Innovation Campus is a first in the Philippine banking industry. UnionBank institutes on Data Science and Artificial Intelligence, Blockchain, as well as its digital bank EON in one roof.

No less than President Ferdinand Marcos, Jr. led its inauguration in September last year.

“The track record of UnionBank in creating opportunities through innovation and digital solutions in the banking sector is uncontested," President Marcos, Jr. said.

Indeed, UnionBank’s vision has always been to be the pioneer in digital banking by making banking services more accessible, especially for rural communities.

<h1>The Aboitiz Group’s innovation journey</h1>MANILA, Philippines — The world has certainly transformed by leaps and bounds, thanks to technology and innovation.In retrospect, it is being creative and imaginative—building on the old, while embracing the new—that enable institutions to become future-ready.Amid its transformation to becoming the country’s first "techglomerate," the Aboitiz Group is leveraging its decades-long experience and adapting to new agile processes and technologies.A big part of its vision of establishing a sustainable enterprise that generates long-term equitable value is its energy arm’s 10-year renewable energy growth strategy.AboitizPower is harnessing new technological advancements and industry trends that can help expedite the realization of its strategy to strike a 50:50 balance between thermal and renewable portfolios by 2030.Last January, it held a groundbreaking ceremony for its 17-megawatt (MW) binary geothermal project in Tiwi, Albay. This July, the operation of its 94 MW peak Cayanga-Bugallon solar power project in Pangasinan is expected to be completed.Meanwhile, the financial close of its 90 MW Libmanan onshore wind project in Camarines Sur will be finished by the end of the year.At the same time, the power company is transforming its substations in Cebu and Davao to become fully digital, creating a stronger and efficient network security.AboitizPower is also the first power company in the country to utilize artificial intelligence (AI) to help analyze data from its power plants and, in the process, predict and avoid breakdowns and optimize planned shutdowns.There are many other initiatives including the use of green transformers to replace old units that use mineral oil, the upcycling of ash and plastic waste into bricks and the adoption of science-based approaches in responding to community disasters and climate change.The Aboitiz Group has also taken advantage of the advancements in digitalization to significantly improve its banking services and operations via its banking arm UnionBank.This is evidenced by the Asset Triple A’s recognition of it being this year’s Digital Bank of the Year. This makes UnionBank the first and only Philippine bank to receive the award six years in a row.One of UnionBank’s biggest projects is the game-changing UB Innovation Campus, the first smart campus for a financial institution in the Asia Pacific region, powered by Huawei Technologies.<img style="max-width:100%;height:auto;" src="https://vritimes-public.s3.ap-southeast-1.amazonaws.com/production/UB-building.jpg" alt="Image"/>The UnionBank Innovation Campus is a first in the Philippine banking industry. UnionBank institutes on Data Science and Artificial Intelligence, Blockchain, as well as its digital bank EON in one roof.No less than President Ferdinand Marcos, Jr. led its inauguration in September last year.“The track record of UnionBank in creating opportunities through innovation and digital solutions in the banking sector is uncontested," President Marcos, Jr. said.Indeed, UnionBank’s vision has always been to be the pioneer in digital banking by making banking services more accessible, especially for rural communities.As proof of this, UnionBank is linked to major e-wallets and e-commerce wallets in the country, making it quicker for end users to top up or deposit to their daily e-wallets in any amount.This is also being explored throughout other non-banking industries, such as insurtech, digital lending and alternative financing.UnionBank is also spearheading changes in the banking landscape through co-creation and transformation of financial services and creating new experiences by leveraging both innovative and disruptive technology to meet rapidly changing customer demands and expectations.These enable the Bank to tap new markets and create new business models by building on the Bank’s early adoption of emerging technologies, such as Application Programming Interface (API), Blockchain and Metaverse.In all, UnionBank registered 2.214 million new digital customers as of Nov. 30, 2022, bringing the Bank’s total digital customers to about 5.839 million as of Q4 2022.Of the 5.839 million, 28.36%&nbsp;or more than 1.6 million customers opened their account in a purely digital manner via the UB Online App.Aboitiz Data Innovation (ADI) is advancing an over-a-century-old company’s technological transformation journey by operationalizing data science and AI across the Aboitiz Group’s business units.<img style="max-width:100%;height:auto;" src="https://vritimes-public.s3.ap-southeast-1.amazonaws.com/production/architect.jpg" alt="Image"/>Aboitiz Data Innovation Head of Solutions Architecture Josh Bosiños (center) with ADI data scientists.Aside from banking and power, the Aboitiz Group's pivot towards innovation is backed and accelerated by its Data Science and Artificial Intelligence (DSAI) arm, Aboitiz Data Innovation (ADI).ADI continues to operationalize solutions anchored on DSAI to improve all aspects of the Group’s operations.For instance, the Data Science and AI team developed and deployed an AI-powered model to help measure a Suspicious Transaction Reporting (STR) alert’s risk of becoming an invalid alert (false positive) and therefore allows the Anti-Money Laundering (AML) operations team of UnionBank to prioritize their manual investigations.The solution resulted in up to 40% decrease in the number of alerts which eventually led to a reduction in man-hours for manual investigation, while concurrently achieving very high confidence in detecting valid alerts.ADI is likewise working closely with AboitizPower with the goal of reducing emissions from thermal plants, improving reliability across the grid, and developing insights into electricity markets.Indeed, the Aboitiz Group has fully embraced innovation and it is evident across its different business units.